Jul. 29 at 7:03 PM
$ITMSF PCI Geomatics has operated as a privately held company, they have not been legally required to publicly disclose audited annual financial statements.
However, based on industry estimates and the acquisition filing context:
Estimated Annual Revenue: Independent business data providers estimate PCI Geomatics' annual revenue at roughly
$10 million to
$15 million USD per year.
Impact on Combined Revenue: Intermap stated in the press release that acquiring PCI will be immediately accretive to its commercial revenue growth, EBITDA, earnings, and cash flow.
Recurring Revenue Mix: Following the merger, approximately 60% of the combined company's total revenue will come from recurring commercial software subscriptions and repeat contracted licenses.
Exact audited financial statements for PCI will be disclosed in the detailed Material Change Report and proxy circular that Intermap must file on SEDAR+ and EDGAR in the coming weeks to finalize the transaction.